• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Exclusives
    • Manufacturing
    • Markets
    • Top 10
    • Buyers' Guide
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Exclusives
  • Manufacturing
  • Markets
  • Top 10
  • Buyers' Guide
  • Events
  • Microsites
  • Current & Past Issues
    Features
    Departments
    Columns
    Editorial
    Digital Edition
    Subscribe Now
    Advertise Now
    Editorial Guidelines
    eNewsletter Archive
    Top Features
    Development Options: Orthopedic Device Design

    I, Surgical Robot

    Printer-Friendly: An Additive Manufacturing Update

    Instrumentation Innovations: A Review of Instrument Manufacturing

    The Total Package: Packaging and Sterilization for Orthopedics
    Breaking News
    Certifications
    Clinical Trials
    Device Approvals & Patents
    Financial & Deals
    International
    Market Data & Trends
    OEM News
    Orthopedic Innovators
    People
    Product & Service Releases
    Products
    Quality, Recalls & Risk
    Regulatory & Legal
    Supplier & Contract Mfg.
    Live From Shows
    Top News & Features
    New Biosealant Could Stabilize Cartilage, Boost Healing After Injury

    Google Executive Joins SeaSpine's Board of Directors

    HSS and LimaCorporate Open Provider-Based 3D Design and Printing Facility

    Study: Spinal Fixation Rods Can Improve Patient Outcomes

    Orchid Welcomes New CFO
    3-D Printing/Additive Mfg.
    Assembly & Automation
    Biocompatibility & Testing
    Clean Room
    Coatings/Surface Modification
    Contract Manufacturing
    Design
    Extrusion
    Finishing
    Forging & Casting
    Instruments, Cases & Trays
    International/Offshoring
    Laser Processing
    Materials
    Machining & Tooling
    Molding
    Packaging & Sterilization
    Prototyping
    Research & Developement
    Software & Quality
    Staffing, Training & Prof. Dev.
    Supply Chain

    HSS and LimaCorporate Open Provider-Based 3D Design and Printing Facility

    Study: Spinal Fixation Rods Can Improve Patient Outcomes

    Usability, Sustainability Becoming More Relevant in Medtech Packaging

    FDA Approves NuVasive's Simplify Disc for Two-Level Cervical Total Disc Replacement

    FDA Clears Orthofix's 3D-Printed Titanium Cervical Spacer System
    Biologics
    Bracing/Prosthetics
    Extremities
    Imaging
    Instruments
    Large Joint
    MIS/Robotics
    Spine/Neurology
    Trauma/Sports
    Top Markets
    Usability, Sustainability Becoming More Relevant in Medtech Packaging

    Orthopedic Solutions from Man’s Best Friend

    The FDA’s Flip-Flop on Hyaluronic Acid

    HSS, Zimmer Biomet's Solution for the Episode of Orthopedic Care

    Rising to the Challenge: Q&A with AAOS Second VP Dr. Savoie
    Companies
    Categories
    Company Capabilities
    White Papers
    Add New Company
    International Buyers Guide Companies
    Tecomet

    MedTorque Inc.

    Autocam Medical

    Carpenter Technology

    ARCH Medical Solutions
    Industry Events
    Webinars
    • Magazine
      • Current & Past Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers' Guide
      • Companies
      • Categories
      • Company Capabilities
      • White Papers
      • Add Your Company
    • Manufacturing
      • 3-D Printing/Additive Mfg.
      • Assembly & Automation
      • Biocompatibility & Testing
      • Clean Room
      • Coatings/Surface Modification
      • Contract Manufacturing
      • Design
      • Extrusion
      • Finishing
      • Forging & Casting
      • Instruments, Cases & Trays
      • International/Offshoring
      • Laser Processing
      • Materials
      • Machining & Tooling
      • Molding
      • Packaging & Sterilization
      • Prototyping
      • Research & Developement
      • Software & Quality
      • Staffing, Training & Prof. Dev.
      • Supply Chain
    • Markets
      • Biologics
      • Bracing/Prosthetics
      • Extremities
      • Imaging
      • Instruments
      • Large Joint
      • MIS/Robotics
      • Spine/Neurology
      • Trauma/Sports
    • Top 10
    • Online Exclusives
    • Slideshows
    • Videos
    • Webinars
    • Events
      • Industry Events
    • Live from Show Event
    • About Us
      • About Us
      • Contact Us
      • Privacy Policy
      • Terms of Use
      • Advertise With Us
    Columns

    An Orthopedic Giant Re-emerges: DJO to Return?

    At the beginning of March, diversified tech firm Colfax Corp. proclaimed its intention to split in two.

    An Orthopedic Giant Re-emerges: DJO to Return?
    Related CONTENT
    • HSS and LimaCorporate Open Provider-Based 3D Design and Printing Facility
    • Usability, Sustainability Becoming More Relevant in Medtech Packaging
    • Orchid Welcomes New CFO
    • FDA Clears Orthofix's 3D-Printed Titanium Cervical Spacer System
    • MedTorque Promotes Chad Ryshkus to VP, Commercial Operations
    Sam Brusco, Associate Editor03.16.21
    At the beginning of March, diversified tech firm Colfax Corp. proclaimed its intention to split in two, dividing its fabrication technology and specialty medical technology businesses into two differentiated, independent, publicly-traded companies. As it stands, according to press statements made by Colfax, the two businesses will fully leave the nest in the first quarter of 2022. The firm said it had not yet determined the form in which the separation would be executed, but intends for it to be tax-free to shareholders.

    The fabtech company will be molded from Colfax’s ESAB brand, with welding and cutting products for construction, shipbuilding, and other industrial applications.

    “Now is the right time to build on the momentum in both businesses and enable each to better capitalize on its distinct opportunities,” Colfax president and CEO Matt Treotola told the press. “Our abilities to successfully develop talent, drive innovation, leverage our Colfax Business System for continuous improvement, and acquire attractive businesses are core to both MedTech and FabTech.”

    The standalone medtech company should sound very familiar to ODT readers, particularly those that peruse the magazine’s annual Top 10 Global Orthopedic Device Firms report—musculoskeletal health, joint reconstruction, vascular health, and pain management company DJO. Colfax acquired the billion-dollar orthopedic firm in 2019 for $3.15 billion. In what may have been an early warning of the spinoff, Colfax beefed up the DJO division with three significant deals in the past six months.

    Last November saw the firm acquire fellow orthopedic giant Stryker’s STAR (Scandinavian Total Ankle Replacement) system, a mobile-bearing total ankle replacement approved in the U.S. for uncemented use. DJO also nabbed Stryker’s Silicone Surface Replacement, and TACTYS finger joint arthroplasty products. The move was a counter to antitrust regulations that threatened to derail the $4 billion Stryker-Wright Medical deal—the overlap in Stryker and Wright’s ankle businesses that came under particular scrutiny. A few days following the shedding of those product lines, the Stryker-Wright deal closed.

    A month later, DJO welcomed therapeutic laser technology company LiteCure into its fold due to synergies with its Chattanooga rehabilitation business. According to DJO, LiteCure’s LightForce medical therapy lasers are found in over 250 professional and college athletic training rooms. LightForce therapy lasers flood injured tissue with photons, energizing cells to promote increased circulation to the affected area and ultimately reduce pain. Also added to this portfolio was LiteCure’s Companion laser therapy for animal health.

    Continuing its monthly spree, DJO fortified its foot and ankle arsenal yet again by acquiring Trilliant Surgical. DJO obtained Trilliant’s broad portfolio covering the universe of foot recon/fixation procedures. One offering of note is the Arsenal Foot Plating System, which touts features to boost implant placement flexibility and speed to support ease of use, less, waste, and reduced OR time for a number of mid- and hind-foot procedures. DJO plans to extend Aresenal’s purview to the ankle as well. The deal signified DJO’s play to become a leading force in the high-growth orthopedic extremities market.

    “We are committed to building our Reconstructive segment and believe that the foot and ankle space is a great fit for our focused innovation and solutions approach that has allowed DJO to be a growth leader in the upper extremity market for many years,” DJO CEO Brady Shirley commented to the press.

    The resulting medtech company will have a new, as-yet-undisclosed name. It will provide surgical implants, injury prevention products, and recovery devices from sites in Wilmington, Del.—where it will be headquartered—and Dallas, Texas. Treotola, a former Danaher life sciences group executive, will lead the new medtech company. Shirley will become chief operating officer, and current Colfax CFO Chris Hix will keep his current position at the medtech spinoff. Colfax EVP Shyam Kambeyanda will lead the fabrication technology company.

    Colfax expects its Medical Technology segment to pull in $1.4 billion in revenue this year. Given this information and comparing it to 2019’s ODT Top 10 list, the unnamed medtech company—which Colfax would do well to name DJO and retain brand strength—would fall in the sixth or seventh spot on the list of the top orthopedic companies by revenue. This ranking may depend on the size of fellow orthopedic giant Zimmer Biomet’s planned spine and dental business spinoff, which is also expected to close next year. 
    Suggested For You
    HSS and LimaCorporate Open Provider-Based 3D Design and Printing Facility HSS and LimaCorporate Open Provider-Based 3D Design and Printing Facility
    Usability, Sustainability Becoming More Relevant in Medtech Packaging Usability, Sustainability Becoming More Relevant in Medtech Packaging
    Orchid Welcomes New CFO Orchid Welcomes New CFO
    FDA Clears Orthofix FDA Clears Orthofix's 3D-Printed Titanium Cervical Spacer System
    MedTorque Promotes Chad Ryshkus to VP, Commercial Operations MedTorque Promotes Chad Ryshkus to VP, Commercial Operations
    Augmedics Raises $36 Million in Series C Financing Augmedics Raises $36 Million in Series C Financing
    Zimmer Biomet Unveils ZBEdge Suite of Digital and Robotic Technologies Zimmer Biomet Unveils ZBEdge Suite of Digital and Robotic Technologies
    Bioventus Acquires Bioness Inc. Bioventus Acquires Bioness Inc.
    Aurora Spine Given Approval to Study Implant for Back Pain Relief Aurora Spine Given Approval to Study Implant for Back Pain Relief
    DJO Invests in Insight DJO Invests in Insight's AR Tech to Address ASC Market
    Lincotek Medical Combines Casting and Finishing Under One Roof Lincotek Medical Combines Casting and Finishing Under One Roof
    RSIP Vision Announces Metal Implant & Anatomical Segmentation Tool RSIP Vision Announces Metal Implant & Anatomical Segmentation Tool
    Sparta Biomedical Receives Breakthrough Device Designation for SBM-01 Sparta Biomedical Receives Breakthrough Device Designation for SBM-01
    Implanet to Acquire Majority Stake in Orthopaedic & Spine Development Implanet to Acquire Majority Stake in Orthopaedic & Spine Development
    Pacific Instruments Receives Patent for Double-Action Rod Cutter Design Pacific Instruments Receives Patent for Double-Action Rod Cutter Design

    Related Columns

    • Actual Orthopedics Medical and Surgical Supply Costs for Care Centers

      Actual Orthopedics Medical and Surgical Supply Costs for Care Centers

      According to a 2018 clinical journal article, U.S. hospitals spent approximately $200 billion on medical devices.
      Maria Shepherd, President and Founder, Medi-Vantage 03.16.21

    • Show Time: Here’s What a Year of No Tradeshows Meant for Small Businesses

      Show Time: Here’s What a Year of No Tradeshows Meant for Small Businesses

      For small businesses, trade shows are a critical part of developing new business as well as maintaining contacts.
      Dawn A. Lissy, Founder & President, Empirical 03.16.21

    • A Summary of Key Provisions Within CMS’ Final MCIT Rule

      A Summary of Key Provisions Within CMS’ Final MCIT Rule

      MCIT is available not only for new breakthrough devices but also for products that received this designation within the last two years.
      John D. McDermott Jr., Senior Director, Reimbursement Strategy, MCRA LLC 03.16.21


    • Prototyping
      Intelligent Iteration: The Benefits of Prototyping Rapidly

      Intelligent Iteration: The Benefits of Prototyping Rapidly

      You don’t need to make a full prototype with all features, finishes, and functions included in order to evaluate the design and gain valuable information.
      Victoria Trafka, President and Principal Engineer, Engineering & Quality Solutions Inc. 03.16.21

    • Design
      A Holistic Approach to Early Product Development

      A Holistic Approach to Early Product Development

      Regulatory requirements and limitations have a pronounced impact on new product development in the medical device industry.
      Bryan Brosseau, Founder and Principal Consultant, Brosseau Consulting LLC 03.16.21

    • Striving to Attain a Gain on the Pain

      Striving to Attain a Gain on the Pain

      A growing number of orthopedic patients are wrestling with fear, perhaps fueled in part by variant virus strains believed to be more contagious.
      Michael Barbella, Managing Editor 02.08.21


    • Rethink Your Orthopedic ASC Strategy, Part 1

      Rethink Your Orthopedic ASC Strategy, Part 1

      ASCs have adopted a strategy to focus on predictable, low-risk procedures with lower complication rates in an out-of-hospital setting.
      Maria Shepherd, President and Founder, Medi-Vantage 02.08.21

    • Pandemic-Level Playing Field: How COVID-19 Made Space for Progress

      Pandemic-Level Playing Field: How COVID-19 Made Space for Progress

      Pandemic restrictions may have diminished certain advantages large companies hold over small and mid-sized competitors.
      Dawn A. Lissy, Founder & President, Empirical 02.08.21

    • Tips for Reigniting Your MDR/IVDR Preparation

      Tips for Reigniting Your MDR/IVDR Preparation

      To get the MDR/IVDR preparation ball rolling again, here are four processes to help refocus on achieving compliance with the updated regulations.
      Nicolle Cannon, Founder and CEO, Cannon Quality Group LLC 02.08.21


    • Biologics
      An FDA Regulatory Perspective on Bone Grafts

      An FDA Regulatory Perspective on Bone Grafts

      There are various bone grafts with different composition, source, mechanical strength, and functional biological mechanisms.
      Mehdi Kazemzadeh-Narbat, Ph.D., Senior Associate, Regulatory Affairs, MCRA LLC 02.08.21

    • Packaging & Sterilization
      Building a More Transparent Healthcare Supply Chain with UDI

      Building a More Transparent Healthcare Supply Chain with UDI

      The FDA’s 2013 Unique Device Identification (UDI) Rule sets specific requirements for medical device labeling to improve traceability and patient safety.
      Beth Wells, Senior Director, Community Engagement, Healthcare, GS1 US 02.08.21

    • Stryker Strikes Back After Pandemic Slump

      Stryker Strikes Back After Pandemic Slump

      Late last year, Stryker announced it would snap up Wright Medical to fortify its position in the trauma and extremities markets.
      Sam Brusco, Associate Editor 11.18.20


    • Large Joint
      Obesity and the Impact on Hip and Knee Implants

      Obesity and the Impact on Hip and Knee Implants

      Obesity causes multiple health issues, and the COVID-19 pandemic is only adding to the problem.
      Maria Shepherd, President and Founder, Medi-Vantage 11.18.20

    • Virtually the Same? The Challenges of Online Conferences

      Virtually the Same? The Challenges of Online Conferences

      Like everyone else on the planet, I’m turning increasingly to virtual solutions to our physical challenges in the midst of a pandemic.
      Dawn A. Lissy, Founder & President, Empirical 11.18.20

    • 13 Mistakes to Avoid in a 510k Submission

      13 Mistakes to Avoid in a 510k Submission

      The FDA 510(k) review process can broadly be divided into two steps—acceptance review and substantive review.
      Samradni Patil, Regulatory Consultant and Writer, Kolabtree 11.18.20


    Trending
    • Mini MRI For Hand And Wrist Imaging Can Be Used Nearly Anywhere
    • Six Advantages Of Machined Polymer Components Over Metals
    • Mini MRI for Hand and Wrist Imaging Can Be Used Nearly Anywhere
    • HSS And LimaCorporate Open Provider-Based 3D Design And Printing Facility
    • Cementless Hip Implants Are Gradually Losing Their Popularity In Europe
    Breaking News
    • New Biosealant Could Stabilize Cartilage, Boost Healing After Injury
    • Google Executive Joins SeaSpine's Board of Directors
    • HSS and LimaCorporate Open Provider-Based 3D Design and Printing Facility
    • Study: Spinal Fixation Rods Can Improve Patient Outcomes
    • Orchid Welcomes New CFO
    View Breaking News >
    CURRENT ISSUE

    March/April 2021

    • Development Options: Orthopedic Device Design
    • I, Surgical Robot
    • Printer-Friendly: An Additive Manufacturing Update
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    Kyowa Hakko Launches Heat-Treated Probiotic Strain for Eye Health
    CGA-7 Green Coffee Extract by Vidya Herbs Achieves Self-Affirmed GRAS Status
    Nutritional Complex Evidenced to Reduce Preterm Birth
    Coatings World

    Latest Breaking News From Coatings World

    Barentz Expands Canadian CASE Team
    Shepherd Color Company Opens Sales Office in China
    Chromaflo Technologies Awarded Gold Status CSR Rating by EcoVadis in EMEA
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    CMS Establishes New Payment for Pelvalon’s Eclipse System
    Varian, Google Cloud Partner to Bring Convenience to Cancer Therapy
    Resonetics Leases New Manufacturing Space in Costa Rica
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Frontage Expands Capabilities at its Clinical Site in Secaucus, NJ
    Ascendia Pharmaceuticals Poised for Expansion
    Bora Pharmaceuticals Adds Roller Compaction Capabilities
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Revlon Unveils New Fragrances Featuring Megan Thee Stallion & Sofia Carson
    Henkel Management Board Welcomes Wolfgang König
    Mielle Organics Gets a Major Investment
    Happi

    Latest Breaking News From Happi

    Nature’s Beauty Debuts Vegan Natural Body Care at Walgreens
    Estée Lauder Expands 'Beautiful' Fagrance Collection
    Mushrooms Are Key Ingredients in Beauty & Wellness
    Ink World

    Latest Breaking News From Ink World

    SE-DA Invests in Kornit Presto S
    Kumon North America Adds Speedmaster XL 106 from Heidelberg
    Iron Oxide Pigments Market to Register 4.7% CAGR from 2021 to 2028: GVR
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    Dantex elevates Joseph Sanchez to digital business development manager
    Mactac's Kevin Clunie joins TLMI panel
    MacDermid announces two new global sales roles
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Precision Textiles Offers Biodegradable Medical Fabric
    Northshore Launches Megamax Briefs in New Colors
    Essity Acquires Distribution Rights to Sorbact in Australia and New Zealand
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    New Biosealant Could Stabilize Cartilage, Boost Healing After Injury
    Google Executive Joins SeaSpine's Board of Directors
    HSS and LimaCorporate Open Provider-Based 3D Design and Printing Facility
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Tive Multi-sensor Tracker Solo 5G Relies on Sensirion SHT33
    VTT in 2020: Successful Year Despite Globally Challenging Times
    Lux Research: 3D Printing Market to Reach $51 Billion in 2030

    Copyright © 2021 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login